There's a hint of truth to that. Imagine what would happen if everybody bought Formula V for street use instead of regular cars.

OTOH the internet creates a distorted view of reality. We see posted pictures and hear of a large percentage of failures, mainly because they are an oddity. But we have no base line in terms if the numbers of high end CF, Ti, Al or super light steel frames out there, and so have no idea of the actual failure rates involved.

There's also a certain irony to all the CF concern. Many of those commenting about the risks and posting photos of broken CF frames are riding steel or Ti frames with carbon forks, and don't seem concerned about that. Is CF somehow too risky for frames, and yet perfectly reliable and safe for forks? Or is the perception that a fork failure doesn't entail as much risk of personal injury?